CALERES INC — Director's Dealing 2016

Mar 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALERES INC (CAL)
CIK: 0000014707
Period of Report: 2016-02-26

Reporting Person: SULLIVAN DIANE M (Director, CEO, Pres. & Chair. of Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-26	Common Stock	M	17784	$21.2022	Acquired	551884	Direct
2016-02-26	Common Stock	S	17784	$27.8815	Disposed	534100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-26	Employee Stock Option (Right to Buy)	$21.2022	M	17784	Disposed	2016-03-02	Common Stock (17784)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7845	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 16, 2015.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.68 to $28.10, inclusive. The reporting person undertakes to provide to Caleres, Inc., any security holder of Caleres, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.

F3: The options become exercisable in four equal installements beginning 3/2/2007.